Trade finance banks learn to keep it simple, silly!

Robust trade books mean nothing if banks don’t do their homework.

The World Trade Organisation WTO calls trade finance the lifeblood of trade -- an apt conclusion considering as much as 90% of trade needs credit.

This necessity for financing meant when credit markets dried up in 2008, things got dicey. In the darkest moments, experts estimated that there was as much as a $100 billion shortfall in trade financing globally and fears circulated that 2009 could be the year trade sputtered to a stop on account of a lack of credit.

In the end, things did not turn out that way. While global trade volumes did drop -- 17.6% year-on-year according to the World Bank -- it was not due to a...

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